Question - 08

Anil, Basant and Sunil are partners sharing profit and loss in the ratio of 5:4:1 it was decided that from 1 january, 2018 the partners will share the profit in the ratio 9:6:5 goodwill is to be valued at 2 year of purchase of average of 3 years profit the profit for the past three years were Rs. 52,000, Rs. 48,000 and Rs. 41,000 pass journal entry for the treatment of goodwill without opening goodwill account.

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